February 2011

Yuzhno-Russkoye nears close 23 February 2011

The $1.1 billion Yuzhno-Russkoye gas field long term financing is nearing close

Nord Stream 2 closed 23 February 2011

Financing for Nord Stream 2 - the second phase of the twin 1,220km gas pipelines under the Baltic Sea between Russia and Germany sponsored by Gazprom (51%), BASF/ Wintershall (20%), E.ON Ruhrgas, (20%) and NV Nederlandse Gasunie (9%) - has reached financial close.

EAS and Sete win Petrobras drill ship contract 14 February 2011

Petrobras awarded a $4.6 billion package to build and charter seven drill ships to Estaleiro Atlantico Sul (EAS) and Sete Brasil

Mitsubishi steps up on Donggi-Senoro LNG 11 February 2011

Mitsubishi, Pertamina, Kogas and Medco have made a final investment decision on the Donggi-Senoro

Haddington buys Continental's Epe gas storage 10 February 2011

US-based midstream gas developer and operator Haddington Ventures has agreed to buy Continental Gas Storage's Epe gas storage project.

Slovakia and Hungary sign gas pipeline agreement 10 February 2011

The leaders of Slovakia and Hungary have signed an agreement for a gas pipeline linking the countries’ supply networks.

Hunton & Williams hires Paul Hastings' Simpson 08 February 2011

Jonathan Simpson has joined Hunton & Williams as a partner in its London office.

Repsol to get CAF funds for Peru refinery upgrade 07 February 2011

Repsol YPF has received approval from the Andean Development Corporation (CAF) for a $50 million

Sukuk near for Total and Aramco's Jubail refinery 07 February 2011

Lead arrangers for the SATORP Jubail refinery sukuk are about to launch the deal to market.

InterOil plots modular LNG plant 04 February 2011

Energy World Corporation will fund the construction of a modular liquefied natural gas project for InterOil's Papua New Guinea gas reserves in exchange for a 14.5% equity stake in the plant and 14.5% of the project's LNG sales.

Aker Drilling refinances 04 February 2011

Aker Drilling has refinanced its bank loans with a new $900 million combined revolver and term loan underwritten by DnB NOR, Nordea and SEB.

Max Petroleum seeks debt extension 02 February 2011

Kazakh-focused oil and gas independent Max Petroleum wants to extend the maturities on its senior and convertible debt and raise new equity to fund exploration activities at its A&E blocks.

Oil & gas 02 February 2011

Afren prices high-yield refinancing African oil and gas independent Afren has priced a $450 million senior secured bond refinancing. The lead managers of the bonds, due 2016 and with an 11.5% coupon, are BNP Paribas, Deutsche and Goldman Sachs. The bond proceeds are likely to be used to ref...

Petrochemicals 02 February 2011

Octal expansion debt closed Octal Petrochemicals has signed a $311 million eight-year project financing to sup­port the $562 million expansion of its PET/ APET manufacturing facility in Salalah, Oman. The company hopes to add another 527,000 tonnes per year (tpy) of capacity to the 330,...

Carrizo closes Huntington borrowing base 01 February 2011

Carrizo oil and gas has closed a $55 million borrowing base with BNP Paribas and Societe Generale for its share of the development of the Huntington field in the North Sea.

Vopak and NIBC close on Eemshaven oil storage 01 February 2011

Vopak and NIBC European Infrastructure Fund (NEIK) have closed financing on the Eemshaven Oil Storage Terminal

ERC held up by regime change 01 February 2011

Financial close was just hours away for the Egyptian Refining Company’s (ERC) $3.7 billion second-stage oil refinery before the civil unrest in Egypt stopped proceedings.